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TransparencIT
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Money laundering

May 4, 2025

FRN vs Tunde Ayeni (Former Chairman of Board of Directors of Skye Bank) & 1 other

Humans

Tunde Ayeni
& 1 other

Money bag

N8,000,000,000.00
Amount allegedly laundered

Money bag

Case Summary
Ayeni was arraigned alongside Timothy Ajani Oguntayo, for allegedly conspiring at different times to fraudulently divert depositors’ funds domiciled at Skye Bank Plc.

Calendar

2,330
Day(s) since arraignment

Gavel

Case Update
The defendants were re-arraigned on an 8-count amended charge bordering on money laundering to which they pleaded not guilty and were allowed to continue on bail terms earlier granted them by the court.

Court house

Hon. Justice I. L. Ojukwu
Federal High Court, Maitama, Abuja

Legislation

ACJA/ACJL Compliance - violated

Case Information
Tunde Ayeni & 1 other
Presiding Judge & Designated Court
Hon. Justice I. L. Ojukwu, Federal High Court, Maitama, Abuja
Nature and Number of Charges
8-count charge bordering on money laundering
Date of 1st Arraignment
Dec 17, 2018
Summary of Case
Ayeni was arraigned alongside Timothy Ajani Oguntayo, for allegedly conspiring at different times to fraudulently divert depositors’ funds domiciled at Skye Bank Plc.
Defendant(s) and Plea entered on Arraignment
1. Tunde Ayeni (Former Chairman of Board of Directors of Skye Bank) – Not guilty
2. Timothy Ajani Oguntayo – Not guilty
Defence Counsel(s)
1. Wole Olanipekun (Senior Advocate of Nigeria)
2. Oyetola Oshobi (Senior Advocate of Nigeria)
Prosecuting Agency
Economic and Financial Crimes Commission
Prosecutor(s)
1. Abba Mohammed (Lawyer)
Status of Case
On Trial
Stage of Trial
Prosecution Stage
Length of Trial
2,330 day(s)
Case Update
The defendants were re-arraigned on an 8-count amended charge bordering on money laundering to which they pleaded not guilty and were allowed to continue on bail terms earlier granted them by the court.
ACJA/ACJL Compliance
Violated